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Business/Finance
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Title: Turkmenistan signs deal on trans-Afghan gas pipeline
Source: [None]
URL Source: http://www.newsdaily.com/stories/bre84m0ba-us-gas-turkmenistan/
Published: May 23, 2012
Author: Marat Gurt
Post Date: 2012-05-23 05:26:58 by Tatarewicz
Keywords: None
Views: 65
Comments: 2

AVAZA, Turkmenistan, May 23, 2012 (Reuters) — Turkmenistan signed landmark agreements on Wednesday to supply natural gas to Pakistan and India, moving a step closer to building a U.S.-backed pipeline running across Afghanistan.

Turkmenistan's state gas company Turkmengaz signed gas sales and purchase agreements with Pakistan's Inter State Gas Systems and Indian state-run utility GAIL.

"The implementation of this project will give a powerful impetus to the social and economic development of all the participant countries," Turkmen's deputy prime minister Baimurad Hojamukhamedov said before the signing ceremony held in the resort area of Avaza on the Caspian Sea.

(Reporting by Marat Gurt; Writing by Dmitry Solovyov; Editing by Greg Mahlich)

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#1. To: Tatarewicz (#0)

Afghanistan to pump oil for the first time

Thursday, May 17, 2012

Afghanistan will start pumping oil for the first time within five months, an official said yesterday, as part of the nation's efforts to tap underground treasures estimated to be worth billions.

China's National Petroleum Corporation (CNPC) and its Afghan partner the Watan Group will initially produce 5,000 barrels a day, mining ministry spokesman Jawad Omar told AFP.

This would be the first extraction of oil in Afghanistan, a mineral-rich country that is still one of the poorest in the world after three decades of war.

The extraction will start in the "Afghan-Tajik Zone", one of the major oil deposits along the Amu Darya river border in relatively peaceful northern Afghanistan, the spokesman said.

Under a deal signed last December, the oil will be processed in refineries already being built within Afghanistan, with Kabul taking 70 percent of the net profits on top of a 15 percent corporation tax.

The Afghan-Tajik deposit is estimated to contain about 87 million barrels of oil, relatively small globally but significant for a poverty-stricken country heavily dependent on Western aid.

Afghanistan currently imports all its oil and most of its gas, mostly from Central Asian countries and Iran, which on Monday signed a deal to supply its neighbour with a million tonnes of fuel oil, petrol and aviation fuel a year.

______

And to think that NATO frowned on China's expansion of its interests in Libya -- with lots of bombs. No US troops pipeline-policing for Afghanislimes. Out now.

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"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC

GreyLmist  posted on  2012-05-23   7:13:54 ET  Reply   Trace   Private Reply  

Well US gets a permit for a gasline to India to compete or supplant one from Iran which pleases Israel and guarantees Jew support for election campaigns of pro-Israel congress critters. At a trillion dollars it's the most expensive gasline permit, much more than the construction cost. No expense is too great when you have taxpayer and borrowed money to spend.

Tatarewicz  posted on  2012-05-24   1:45:42 ET  Reply   Trace   Private Reply  

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